Summary of Significant Accounting Policies (Tables)

9 Months Ended

Oct. 31, 2020

Accounting Policies [Abstract]

Schedule of Inventories

Inventories are stated at the lower of cost or net realizable value using the first-in, first-out (FIFO) valuation method. Inventory was comprised of the following at October 31, 2020 and January 31, 2020:

	October 31, 2020		January 31, 2020
Raw Materials	$	794,944	$	893,204
Work in Process		147,966		37,764
Finished goods		617,377		315,449
	$	1,560,287	$	1,246,417

Schedule of Property and Equipment Estimated Useful Lives

Asset lives for financial statement reporting of depreciation are:

Machinery and equipment	2-7 years
Furniture and fixtures	3 years
Leasehold improvements	*

(*) Amortized on a straight-line basis over the term of the lease or the estimated useful lives, whichever period is shorter.

Schedule of Expenses of Slotting Fees, Sales Discounts and Allowances are Accounted as Direct Reduction of Revenues

Expenses such as slotting fees, sales discounts, and allowances are accounted for as a direct reduction of revenues as follows:

	For the Three Months Ended
	October 31, 2020		October 31, 2019
Gross Sales	$	10,016,932	$	9,518,515
Less: Slotting, Discounts, Allowances		117,941		251,479
Net Sales	$	9,898,991	$	9,267,036

	For the Nine Months Ended
	October 31, 2020		October 31, 2019
Gross Sales	$	31,833,423	$	25,176,596
Less: Slotting, Discounts, Allowances		449,029		445,291
Net Sales	$	31,384,394	$	24,731,305

Schedule of Disaggregates Gross Revenue by Significant Geographic Area

The following table disaggregates gross revenue by significant geographic area for the three and nine months ended October 31, 2020 and 2019:

	For the Three Months Ended
	October 31, 2020		October 31, 2019
Northeast	$	3,304,422	$	3,174,637
Southeast		2,894,971		2,570,289
Midwest		1,204,936		1,061,847
West		1,475,143		1,543,411
Southwest		1,137,460		1,168,340
Total revenue	$	10,016,932	$	9,518,515

	For the Nine Months Ended
	October 31, 2020		October 31, 2019
Northeast	$	10,558,410	$	8,266,248
Southeast		8,863,856		5,982,856
Midwest		3,819,765		3,607,441
West		4,381,561		4,241,811
Southwest		4,209,831		3,078,240
Total revenue	$	31,833,423	$	25,176,596

Schedule of Fair Value of Share-Based Payments

For the nine months ended October 31, 2020 and 2019, when computing fair value of share-based payments, the Company has considered the following variables:

	October 31, 2020			October 31, 2019
Risk-free interest rate		0.37	%		1.52 - 2.29	%
Expected life of grants		3 - 3.5 years			3 - 3.5 years
Expected volatility of underlying stock		125	%		127 - 150	%
Dividends		0	%		0	%

Schedule of Earnings Per Share, Basic and Diluted

The following table provides a reconciliation of the numerator and denominator used in computing basic and diluted net income attributable to common stockholders per common share.

	For the Three Months Ended
	October 31, 2020		October 31, 2019
Numerator:
Net income attributable to common stockholders	$	734,142		408,615
Effect of dilutive securities:		—		—
Diluted net income	$	734,142	$	408,615
Denominator:
Weighted average common shares outstanding - basic		34,225,446		31,991,241
Dilutive securities (a):
Series A Preferred		-		-
Options		575,139		99,969
Warrants		925,399		-
Weighted average common shares outstanding and assumed conversion – diluted		35,725,984		32,091,210
Basic net income per common share	$	0.02	$	0.01
Diluted net income per common share	$	0.02	$	0.01
(a) - Anti-dilutive securities excluded:		-		6,579,164

	For the Nine Months Ended
	October 31, 2020		October 31, 2019
Numerator:
Net income attributable to common stockholders	$	2,380,111		1,122,589
Effect of dilutive securities:		—		-
Diluted net income	$	2,380,111	$	1,122,589
Denominator:
Weighted average common shares outstanding - basic		32,832,450		31,935,837
Dilutive securities (a):
Series A Preferred		-		-
Options		575,139		99,969
Warrants		925,399		-
Weighted average common shares outstanding and assumed conversion – diluted		34,322,988		32,035,806
Basic net income per common share	$	0.07	$	0.04
Diluted net income per common share	$	0.07	$	0.04
(a) - Anti-dilutive securities excluded:		-		6,579,164